By 2024, the Gross Value Added (GVA) for Coke and Refined Petroleum Products Manufacturing in Germany is forecasted to reach 5.77 billion euros. This is projected to increase yearly, attaining 6.23 billion euros by 2028. Compared to the 5.77 billion euros anticipated in 2024, there is a consistent positive trend described by average annual growth, illustrated by a compound annual growth rate (CAGR) over the five-year period.
Future trends to watch for:
- Shifts in global oil prices could impact production costs and GVA.
- Germany's energy transition policies and their influence on production capabilities.
- Developments in sustainable and alternative energy sources affecting market demand.